GERMANY TO APPROVE AID PACKAGE FOR COAL PHASEOUT

04/08/2019

On April 5, the German government announced plans to approve an aid package for mining regions affected by its plans to phase out coal by 2038. The package would distribute 14 billion euros to the four German states affected by the phaseout and 26 billion euros in direct federal investments. The Bundestag lower house of parliament will vote on the package after the cabinet has given it the green light. For the full story, see https://uk.reuters.com/article/us-germany-energy-coal/germany-to-approv….